Quote:
Originally Posted by GGG
What do the banks T+Cs say. I’m not sure you have the right to privacy here. You have whatever is spelled out in your contract with the bank. If somewhere in the T+Cs they reserve the right to ask these questions at values lower than required by fintrac they you would have agreed to it.
The right to privacy has no bearing on this transaction.
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I would absolutely love to test that in a court of law.
The bank refusing to give me my funds because I won't tell them what I am using it for. I guarantee you I never signed off on this, because I opened the bank account at 17 years old in 1991 and have never signed anything other than a couple separate loan agreements with them over the years. And I have withdrawn amounts way over 10k cash in the past without any resistance. This is something from the last 5 years or so.
I am pretty sure the bank would be f'd, but then again we have a government that legally seized the bank accounts of a bunch of idiots honking truck horns. Idiots, yes... but idiots and criminals still have the right to their money.